Opinion: Scott Bessent supports the depreciation of the dollar and falling oil prices to stimulate growth in the US and global economy
Former Goldman Sachs executive and founder of macro research firm Real Vision, Raoul Pal, posted on X stating: "The new Treasury Secretary Scott Bessent favors a depreciation of the dollar and a drop in oil prices to stimulate growth in the US and global economy. This is all you need to know; it will drive financial conditions. Bessent is good for your wallet. I've known him for over ten years, he understands this."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New address 0x243 deposited 52.67 BTC and opened a $16.3 million XRP long position
Moonbeam will transform into an AI Agent communication and settlement network, and GLMR will migrate to Base
Micron invests $9 billion to expand its chip factory in western Japan
Summary of important developments at midday on July 4